Egypt’s Budget Deficit Rose to 5.51 Percent in July-NovemberSource: www.export-egypt.com 1/23/2024, Location: Africa |
|
|
|
|
|
Egypt’s budget deficit rose to 5.51 percent of GDP between July and November 2024 from 3.37 percent during the same period last year, according to data released by the Ministry of Finance.
Meanwhile, the primary surplus grew to 0.51 percent of GDP in July-November from 0.17 percent a year before. A country's primary surplus refers to the government spending less current income from taxes and excludes interest paid on government debt. Total revenues surged by 31.3 percent year-on-year (YoY) to record around EGP 609 billion ($19.7 billion) in July-November, compared to the same period of last year. Total expenditures jumped 55.68 percent to EGP 1,258 billion ($40.7 billion) during the July-November period from EGP 808.52 billion ($26.2 billion) a year earlier. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 6/1/2024 - Housing and Urban Communities Minister Assem el Gazar announced that the New Urban Communities Authority (NUCA) will suspend the system of land alloca...
|
Egypt >> 6/1/2024 - Spokesman for the Consumer Protection Agency (CPA) Islam el Gazzar asserted the application of "Price Radar" is mainly helping control prices of diffe...
|
|
Egypt >> 6/1/2024 - First Deputy Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) Hany Mahmoud lauded the level of progress in the sector of communica...
|
Egypt >> 6/1/2024 - Minister of Social Solidarity and Board Chairman of Nasser Social Bank Nivine el Kabbag said that the bank succeeded in increasing the wallet of the r...
|
|
Egypt >> 6/1/2024 - The State is maintaining its support for low-income brackets, said Spokesperson for the Cabinet Mohamed el Homsani.
He added in televised r... |
Egypt >> 6/1/2024 - Minister of Communications and Information Technology Amr Talaat had a meeting with Singaporean Minister for Communications and Information Josephine ...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | |
